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B Com Exam  >  B Com Tests  >  Test: Accounting for E-commerce Business - B Com MCQ

Test: Accounting for E-commerce Business - B Com MCQ


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10 Questions MCQ Test - Test: Accounting for E-commerce Business

Test: Accounting for E-commerce Business for B Com 2024 is part of B Com preparation. The Test: Accounting for E-commerce Business questions and answers have been prepared according to the B Com exam syllabus.The Test: Accounting for E-commerce Business MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Accounting for E-commerce Business below.
Solutions of Test: Accounting for E-commerce Business questions in English are available as part of our course for B Com & Test: Accounting for E-commerce Business solutions in Hindi for B Com course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Accounting for E-commerce Business | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study for B Com Exam | Download free PDF with solutions
Test: Accounting for E-commerce Business - Question 1
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Which of the following is NOT an element typically present in an e-commerce transaction?

Detailed Solution for Test: Accounting for E-commerce Business - Question 1
In e-commerce transactions, traditional physical storefronts are replaced by online websites that display products/services and facilitate transactions.
Test: Accounting for E-commerce Business - Question 2
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What is a key advantage of the Inventory Led Model in e-commerce?

Detailed Solution for Test: Accounting for E-commerce Business - Question 2
The Inventory Led Model involves maintaining inventory by the online retailer, which ensures superior quality assurance and timely delivery to consumers. However, it is capital-intensive.
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Test: Accounting for E-commerce Business - Question 3
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Which of the following best defines e-commerce?

Detailed Solution for Test: Accounting for E-commerce Business - Question 3
E-commerce refers to the buying and selling of goods and services over digital or electronic networks, particularly the internet. It involves the use of information and communication technologies to facilitate various aspects of business transactions.
Test: Accounting for E-commerce Business - Question 4
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What is a challenge specifically related to payment in the e-commerce business?
Detailed Solution for Test: Accounting for E-commerce Business - Question 4
High cash-on-delivery (COD) usage is a challenge in the e-commerce business as it can lead to increased risk of returns and non-payments compared to electronic payments.
Test: Accounting for E-commerce Business - Question 5
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Which activity is NOT typically associated with e-tailing in e-commerce?
Detailed Solution for Test: Accounting for E-commerce Business - Question 5
E-tailing involves virtual storefronts on websites and electronic transactions. Physical inventory maintenance is more relevant to traditional retail.
Test: Accounting for E-commerce Business - Question 6
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Which model is seen to be most compliant with FDI regulations?
Detailed Solution for Test: Accounting for E-commerce Business - Question 6
The Open Market Place Model (OMP) is considered most compliant with FDI regulations as it involves no inventory maintenance by the online retailer, and products are directly shipped by the reseller to the customer.
Test: Accounting for E-commerce Business - Question 7
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Which of the following is an example of the Managed Market Place Model (MMP)?
Detailed Solution for Test: Accounting for E-commerce Business - Question 7
Amazon operates under the Managed Market Place Model (MMP), where it typically controls fulfillment and holds fast-moving goods on consignment basis.
Test: Accounting for E-commerce Business - Question 8
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Which aspect is NOT a challenge for e-commerce businesses in India?
Detailed Solution for Test: Accounting for E-commerce Business - Question 8
A high level of digital literacy would be advantageous rather than a challenge for e-commerce businesses. Challenges include poor internet connectivity, high technical barriers, and aggressive pricing strategies.
Test: Accounting for E-commerce Business - Question 9
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What is one significant impact of e-commerce on traditional business environments?
Detailed Solution for Test: Accounting for E-commerce Business - Question 9
E-commerce replaces traditional manual business processes with automated electronic equivalents, accelerating ordering, delivery, and payment procedures, thereby increasing efficiency.
Test: Accounting for E-commerce Business - Question 10
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Which e-commerce activity involves reaching prospective and established customers through email and fax?
Detailed Solution for Test: Accounting for E-commerce Business - Question 10
Marketing and communication in e-commerce involve reaching prospective and established customers through email and fax, among other methods. This helps in maintaining customer relationships and promoting products.
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